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PCA detects Rs14.54m tax evasion by M/s Nadir Computer Accessories

PCA detects Rs14.54m tax evasion by M/s Nadir Computer Accessories

KARACHI: The Directorate of Customs Post Clearance Audit detected duties and tax evasion of Rs14.54 million by M/s Nadir Computer Accessories, Karachi, it is learnt here.

Sources told Customs Today on Monday that M/s Nadir Computer Accessories, Karachi imported a consignment of new and used computer and its accessories include laptops and got it cleared from the PICT Karachi vide GDs on February 22, 2018 by paying customs duty at only 6 percent after claiming the benefits of the SRO 558/2007.

However, the subject items were correctly classifiable under the PCT 5478.2407  attracting customs duty at 10 percent and income tax at 8 percent, thus, by way of mis-declaration of classification, the company evaded/short-paid Rs14.54  million. In the month of February, 2017 the goods were cleared by Assistant Appraiser Shahid Noor.

Sources said that the importer violated the provisions of Section 44 (2-A) of the Customs Act-1969, Section 20  read with Section 35 of the Sales Tax Act-1990 and Section 58 of Income Tax Ordinance 2001 punishable under clauses (522) of Section 547(5) of the Customs Act-1969, Section 63 of the Sales Tax Act-1990 and Section 56 of Income Tax Ordinance 2001 and Section 3-B of the Sales Tax Act-1990 read with chapter X of the Sales Tax Special Procedure Rules 2007 (Special procedures for payment of sales tax by the importers) and under relevant provisions of Income Tax Ordinance 2001.